China’s new home price growth slowed in August as property restrictions step up, some say turning point for housing market emerges

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China’s new home prices grew at a slower pace in August as authorities stepped up efforts to rein in the housing market and some say a turning point for the housing market may be emerging with more downward pressure ahead.

Average new home prices in China’s 70 major cities grew 0.2 per cent in August from a year earlier after a 0.3 per cent gain in July, showed calculations based on data released by National Bureau of Statistics on Wednesday. On a year-on-year basis, new home prices grew 4.2 per . . .




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